Wednesday, April 18, 2007 3:09:17 PM
Chart Interpretation:
The chart is looking strong to me. The MACD lines are headed toward the zero line. That's good.
Also, here's what a friend of mine has to say about todays chart. He's got way more experience reading charts than I do.
http://www.investorshub.com/boards/read_msg.asp?message_id=18894058
Looks like some profit taking right now. Add some bolinger bands to that chart, and it will help you to see how "overextended" the chart is. Meaning, look at how far the candle is above its upper bolinger band.
The chart is looking strong to me. The MACD lines are headed toward the zero line. That's good.
Also, here's what a friend of mine has to say about todays chart. He's got way more experience reading charts than I do.
http://www.investorshub.com/boards/read_msg.asp?message_id=18894058
Looks like some profit taking right now. Add some bolinger bands to that chart, and it will help you to see how "overextended" the chart is. Meaning, look at how far the candle is above its upper bolinger band.
Beware Bull's Ready to Run - Before investing $ do your own dd. All posts are my opinion.
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